Matched betting in New Jersey is increasing in popularity with more and more citizens interested in making money online with matched betting.
Currently, New Jersey is the only state where US citizens can legally take advantage of matched betting. So don’t miss out…
In this article, we’ll check out what matched betting is, how it works and how you can start matched betting in New Jersey today.
Let’s dive in.
I’ve written about matched betting in the US before but in this article, I specifically want to look at New Jersey matched betting.
What is matched betting?
Matched betting is a way of making money from sportsbooks free bets and promotions. This method is incredibly popular in the UK and Europe where there are hundreds of sportsbooks offering a variety of free bets and promotions.
Matched bettors in the UK are able to make more than $1000 each month with this risk-free betting strategy.
Individuals take advantage of betting offers like this bet365 sign-up promotion. One of the world’s favorite sportsbooks, bet365 offer new customers up to $100 in bet credits when you register a new account.
For those of you in New Jersey, you can take advantage of this bet365 promotion right now.
There are plenty more betting offers like the example above from various sportsbooks in New Jersey making matched betting a viable option of making money online.
So how does matched betting work?
How does matched betting work?
You’re probably wondering how it’s possible to make a guaranteed profit from betting. But I’m here to tell you that it is…
Matched betting works by taking advantage of a strategy called back and lay betting. In simple terms, you place two bets that cancel each other out.
One bet is used to back an outcome and the other is used to bet AGAINST that outcome. This way, one of your bets is guaranteed to win and the other will lose.
However, this allows you to profit from sportsbooks free bets without risking any of your own cash. How awesome is that…
To make this process work, you need access to both a sportsbook and a betting exchange.
What is a betting exchange?
For those of you who are new to betting, you’re probably unsure what a betting exchange is and how they work. In simple terms, an exchange is an online marketplace which matches gamblers together.
When betting at the exchange, you play against other gamblers instead of against the sportsbook. They’re essentially the eBay for betting.
The exchange makes money by charging a small commission on punter’s winnings. This commission ranges from 2% to 5% in the UK.
As it stands, New Jersey is the only state to have legal access to a betting exchange. Betfair, a popular exchange back in the UK has recently launched a beta horse racing platform in The Garden State.
For more information on betting exchanges and how they work, check out this Betfair video below.
Is Matched betting in New Jersy a possibility?
So what’s matched betting in New Jersey like?
Being the only state with legal access to an online betting exchange, New Jersey is in the prime position to take advantage of matched betting…
Citizens in New Jersey can now profit from bookmakers free bets using no risk matched betting.
As I mentioned earlier, the only sport currently offered on the New Jersey betting exchange is horse racing. However, there are still plenty of opportunities to profit with matched betting in New Jersey
So what do you need to get started? Let’s find out!
Get started with matched betting in New Jersey
To get started with matched betting in New Jersey you first need to find a sportsbook offer you want to take advantage of.
Since the abolishment of the PASPA act, New Jersey is well ahead when it comes to legalised sports betting.
There are various sportsbooks that you can use to bet online. Most of which offer punters the chance to profit with matched betting as we saw with the bet365 example above.
Bookmakers free bets
Here are just some of the other sportsbooks which offer free bets and other promotions in New Jersey. You can make a guaranteed profit from a lot of these free bets.
Fox Be NJ
How much money can you make?
The big question that everyone wants to know the answer to, how much money can you make from matched betting in New Jersey?
The answer to this question is it depends. Earnings vary based on a variety of factors including the time and effort you invest.
In the UK, matched betting is very profitable with some players pulling in more than $1000 each month.
Matched betting in New Jersey is only just getting started. With more and more bookmakers opening each month, the potential of matched betting is only increasing.
The aim with matched betting is to take advantage of as many bookmakers offers as possible. The more you complete, the more money you make, it’s really that simple.
The long term potential of matched betting in New Jersey is also very exciting. Sportsbooks don’t just offer free bets to new customers. They also offer these free bets to existing customers meaning you’ll be able to continue making money in the long run.
Matched betting in New Jersey
Overall, matched betting in New Jersey is certainly a great way for citizens to make money online. Whilst there is plenty of opportunities to profit as it stands, the betting industry in New Jersey is only just getting started. There’s a lot more to come.
As more and more bookmakers spot the potential of online betting in New Jersey, the number of sites will only increase giving you more offers to take advantage of.
For all the latest information on how to profit with matched betting in New Jersey, stay tuned.